Share this article
Bitcoin Sinks to Lowest Price in Over 12 Months
Bitcoin fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off.
By Sam Ouimet
Updated Sep 14, 2021, 1:53 p.m. Published Nov 14, 2018, 4:49 p.m.
Bitcoin fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off.
According to CoinDesk price data, as of press time, bitcoin's lowest point in today's session is $5,669 - the lowest reported price figure since Nov. 11 of last year. Wednesday's session opened at $6,297.96.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Its price has since slightly recovered, now trading at an average price of about $5,804.54, representing a roughly 7.9 percent decline over the past 24-hours.
The sharp fall in bitcoin's price was accompanied by steep sell-offs in other cryptocurrencies and digital assets as well.
According to data published by OnChainFX, tokens such as MANA and BAT and DNT are down in excess of 20 percent in the past 24 hours.
In total, the capitalization of the entire cryptocurrency market lost as much as $24 billion in value over the last 24 hours, registering at $190 billion as of press time, according to CoinMarketCap.
Amusement park ride image via Shutterstock
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Internet Computer climbs back to $3 as short-term momentum improves
ICP pushed above the $3 level on rising activity, holding recent gains as traders reassess near-term direction.
What to know:
- ICP rose about 2.7% to roughly $3.00, reclaiming a closely watched psychological level.
- Trading activity increased during the move higher, accompanying the push through resistance near $2.95–$3.00.
- Price has since stabilized just above $3, keeping attention on whether the level can hold as near-term support.
Top Stories
